How to I set up automatic recurring deposits (PACs)?

PAC stands for "Pre-Authorized Contribution" plan. Under this plan, a certain amount of money is automatically withdrawn from your chequing account and contributed to your Wealthsimple account on a regular basis. The timeframe is up to you and we can help you set up weekly, bi-weekly, or monthly contributions. And it's free!

Why should I set up a PAC?

Simply put, it's a great way to build wealth by setting aside a portion of your paycheck. A PAC plan will automatically invest your money at regular intervals and this will provide tremendous long-term benefits as your returns compound. We believe in a time-tested piece of financial advice: "Invest early, invest often." Visit our Plan Page to see how much you can save over time when you set up recurring automatic contributions!